According to a market report by Lucintel, the future of the food color market looks promising with opportunities in the beverage, bakery and confectionery, dairy products, and meat product application segments. The food color market is expected to grow with a CAGR of 8% from 2019 to 2024. The major drivers for this market are growing demand for natural colors, increasing awareness of clean label products, rising need to enhance product appeal, and growing research and development activities in the food industry.
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In this market, natural, synthetic, and nature identical food colors are added to food items or beverages to enhance their appeal. Natural colors are the largest product segment for the food color market.
Within the food color market, dyes and lakes are the major solubility segments. Dyes segment is the largest solubility segment for the food color market. Liquid dye, liquid gel dye, gel paste dye, and powdered dye are the major form segments of the food color market.
Europe will remain the largest region over the forecast period due to increased awareness of safe food color products among consumers and inclination towards the health benefits provided by natural food colors.
Archer Daniels Midland Company, Chr. Hansen, FMC Corporation, Sensient Technologies Corporation, Koninklijke, Naturex, D.D. Williamson, Dohler Group, Fiorio Colori, and Kalsec are among the major manufacturers of food colors.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the food color market by product, application, form, solubility, and region. Lucintel has prepared a comprehensive research report titled "Food Color Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the food color market by product, application, form, solubility, and region as follows:
By Product [$M shipment analysis for 2013 – 2024]:
Natural
Synthetic
Nature Identical
By Application [$M shipment analysis for 2013 – 2024]:
Beverages
Bakery and Confectionery
Dairy Products
Meat Products
Others
By Form [$M shipment analysis for 2013 – 2024]:
Liquid Dye
Liquid Gel Dye
Gel Paste Dye
Powdered Dye
By Solubility [$M shipment analysis for 2013 – 2024]:
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
Asia-Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/food-color-market.aspx or helpdesk@lucintel.com.
About Lucintel
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